SEBI regulations | Business Upturn

Globe International Carriers clarifies share price movement is market-driven

Arunika Jain — Thu, 26 Mar 2026 11:54:17 +0000

Globe International Carriers Limited has submitted a clarification to the National Stock Exchange of India regarding significant price movement in its securities, stating that the movement is entirely market-driven with no company involvement.

In a response to NSE‘s surveillance department enquiry under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company confirmed that it maintains regular disclosures of all material events and information to stock exchanges.

The company stated: “The movement in the price of the Company’s securities is purely market-driven and the Company has no connection with any such price movement.”

Globe International Carriers emphasised its commitment to regulatory compliance, noting that all disclosures, including price-sensitive information, have been made in accordance with applicable SEBI regulations. The company further reiterated that it has been regularly informing the stock exchanges of all events, information, and developments that may have a bearing on its operations and performance.

The clarification was submitted by Annu Sharma Khandelwal, Company Secretary, on 26 March 2026.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Indian Overseas Bank to participate in non-deal roadshows from 13 March 2026

Business Desk — Tue, 10 Mar 2026 14:56:07 +0000

Indian Overseas Bank has announced its participation in non-deal roadshows aimed at engaging with institutional investors. The roadshows are scheduled to commence on 13 March 2026, and will involve one-to-one, in-person meetings with investors.

The bank has clarified that no unpublished price-sensitive information will be disclosed during these meetings. Discussions will be based solely on publicly available information and documents. The dates of the meetings are subject to change due to potential exigencies involving either the investors or the bank.

The bank also mentioned that a presentation copy for the meet will be shared in due course. The event is in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Bank of Baroda maintains MCLR rates across all tenors

Business Desk — Tue, 10 Mar 2026 12:41:08 +0000

Bank of Baroda has announced that it will maintain its Marginal Cost of Funds Based Lending Rate (MCLR) across all tenors, effective from 12th March 2026. The MCLR for the overnight tenor remains at 7.80%, while the one-month rate is steady at 7.90%. The three-month tenor continues at 8.15%, the six-month at 8.45%, and the one-year tenor at 8.70%.

This decision ensures that the lending rates for various durations remain unchanged, providing stability for borrowers. The bank’s decision is in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015, and the updated rates will be available on the bank’s website.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Marathon Nextgen Realty promoter acquires 10,000 equity shares

Business Desk — Tue, 10 Mar 2026 07:57:19 +0000

Marathon Nextgen Realty has disclosed that Mrs. Ansuya Ramniklal Shah, a member of the Promoter Group, has acquired 10,000 equity shares of the company. This transaction was conducted on the open market on 9th March 2026, at a total value of ₹41,47,900.

Following this acquisition, Mrs. Shah’s holding in the company has increased from 79,600 shares, representing 0.118% of the total shareholding, to 89,600 shares, now accounting for 0.133% of the shareholding. The acquisition was reported under Regulation 7(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

This transaction was executed on the National Stock Exchange (NSE), and the company has duly noted the change in shareholding as required by the SEBI regulations.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Business Desk and reviewed by News Desk before publication.

Jupiter Wagons clarifies market-driven increase in trading volume

Business Desk — Mon, 09 Mar 2026 06:56:53 +0000

Jupiter Wagons has addressed the recent significant increase in the trading volume of its securities across exchanges, attributing the rise to market-driven factors. The company confirmed that there are no undisclosed events or information that could have influenced the trading activity.

The company reiterated its commitment to timely disclosures in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements. Jupiter Wagons assured that any future occurrences requiring disclosure would be promptly communicated to the exchanges.

Jupiter Wagons emphasised that the trading volume surge is not linked to any undisclosed developments, and all relevant information has been shared with the exchanges as per regulatory requirements.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Business Desk and reviewed by News Desk before publication.

India Pesticides discloses Income Tax department search at its premises

Matrika Shukla — Mon, 16 Dec 2024 09:20:50 +0000

India Pesticides Limited, an ISO-certified company and a prominent player in the agrochemical industry has informed stock exchanges about an ongoing search operation by the Income Tax Department at its registered office and other premises.

The company confirmed its cooperation with the authorities in a disclosure dated December 16, 2024, addressed to the Listing Department of BSE Limited and the National Stock Exchange of India Limited. India Pesticides Limited stated that it and its employees provide all necessary information and support to the Income Tax Department during the search operation.

India Pesticides Limited, headquartered in Bareilly, Uttar Pradesh, operates from multiple manufacturing units in Lucknow and Hardoi.

Further details regarding the search operation or its implications on the company’s operations are yet to be disclosed.

Allied Blenders and Distillers completes acquisition of Minakshi Agro Industries LLP

Matrika Shukla — Tue, 10 Dec 2024 13:32:57 +0000

Allied Blenders and Distillers Limited (ABDL) has announced the successful acquisition of Minakshi Agro Industries Limited Liability Partnership (MAILLP). The definitive agreements and other necessary transaction documents were executed on December 10, 2024, marking the completion of the acquisition. As a result, MAILLP is now a wholly owned subsidiary of ABDL.

This acquisition follows the initial intimation made on October 29, 2024, and reinforces ABDL’s strategic expansion efforts. The company’s acquisition of MAILLP is expected to enhance its business operations and broaden its market reach.

The move reflects ABDL’s ongoing commitment to strengthening its portfolio and expanding its operations in the industry.

Hinduja Global Solutions to merge 5 U.S. subsidiaries with HGS CX Technologies Inc.

Matrika Shukla — Tue, 10 Dec 2024 12:07:51 +0000

Hinduja Global Solutions Limited (HGSL) has announced a step in its organizational restructuring efforts. The company’s step-down wholly-owned subsidiary, HGS CX Technologies Inc., will merge with five of its US subsidiaries to streamline operations and create a more efficient structure.

The subsidiaries involved in the merger include Hinduja Global Solutions LLC, HGS Digital LLC, HGS (USA) LLC, HGS Canada Holdings LLC, and Teklink International LLC. This merger is part of HGSL’s efforts to enhance operational efficiency while maintaining its commitment to delivering high-quality services to clients. The move is subject to necessary regulatory approvals in the US.

This strategic restructuring is designed to result in a leaner organization with a more efficient framework for delivering services. The company has clarified that the merger will not have any impact on its overall operations or financials. Moreover, no changes are expected in the shareholding structure of HGSL or its subsidiary, HGS CX Technologies Inc.

According to the company, the restructuring will optimize resources and allow HGSL to streamline its operations across its subsidiaries, aligning with its long-term goals of increased efficiency and competitiveness. The restructuring also aims to support HGSL’s global operations and enhance service delivery across multiple markets.

Solar Industries India receives export order worth Rs 2039 crores for defence products

Matrika Shukla — Mon, 02 Dec 2024 13:21:03 +0000

Solar Industries India Limited, a prominent player in the defence and industrial explosives sector, has secured a significant export order worth INR 2039 Crores. This order, awarded by international clients, involves the supply of defence products over the next four years. The company, along with its subsidiary, will be responsible for fulfilling the order.

The contract, which spans four years, will see Solar Industries India Limited delivering top-of-the-line defence products, contributing to the strengthening of international relationships and fulfilling the increasing demand for defence supplies. The company’s strong reputation for quality and reliability has been key in securing this large-scale order. The supply will include a range of defence products, reinforcing Solar Industries’ standing as a trusted supplier in the defence sector globally.

Commenting on the development, Suresh Menon, Director of Solar Industries India Limited, expressed his satisfaction with the new milestone. He highlighted that this deal marks another step toward Solar Industries’ international expansion and reinforces the company’s capabilities in meeting the growing global demand for defence-related products.

Kitex Garments announces board meeting to consider bonus equity shares

Matrika Shukla — Mon, 18 Nov 2024 11:08:47 +0000

Kitex Garments Limited (BSE: 521248, NSE: KITEX), a leading player in the garment manufacturing sector, has announced that its Board of Directors will convene on Friday, November 22, 2024. The agenda includes a proposal to declare and recommend bonus equity shares, subject to shareholder approval.

The meeting aligns with Regulation 29(1) of SEBI’s (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kitex Garments aims to strengthen its shareholder value with this proposal, pending approval.

To ensure compliance with SEBI’s Prohibition of Insider Trading Regulations, 2015, Kitex has implemented a trading window closure for all designated persons and their immediate relatives. The trading window will remain closed from November 19, 2024, until 48 hours after the Board announces its decision.